Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Days Payable : 24.68 (As of Dec. 2023)

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What is Mitre Realty Empreendimentos E Participacoes Days Payable?

Mitre Realty Empreendimentos E Participacoes's average Accounts Payable for the three months ended in Dec. 2023 was R$60.6 Mil. Mitre Realty Empreendimentos E Participacoes's Cost of Goods Sold for the three months ended in Dec. 2023 was R$224.3 Mil. Hence, Mitre Realty Empreendimentos E Participacoes's Days Payable for the three months ended in Dec. 2023 was 24.68.

The historical rank and industry rank for Mitre Realty Empreendimentos E Participacoes's Days Payable or its related term are showing as below:

BSP:MTRE3' s Days Payable Range Over the Past 10 Years
Min: 14.35 Med: 25.52 Max: 62.56
Current: 24.76

During the past 9 years, Mitre Realty Empreendimentos E Participacoes's highest Days Payable was 62.56. The lowest was 14.35. And the median was 25.52.

BSP:MTRE3's Days Payable is ranked worse than
84.51% of 1575 companies
in the Real Estate industry
Industry Median: 96.91 vs BSP:MTRE3: 24.76

Mitre Realty Empreendimentos E Participacoes's Days Payable increased from Dec. 2022 (22.66) to Dec. 2023 (24.68). It may suggest that Mitre Realty Empreendimentos E Participacoes delayed paying its suppliers.

Mitre Realty Empreendimentos E Participacoes Days Payable Historical Data

The historical data trend for Mitre Realty Empreendimentos E Participacoes's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mitre Realty Empreendimentos E Participacoes Days Payable Chart

Mitre Realty Empreendimentos E Participacoes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.35

16.34

23.12

29.36

27.91

Mitre Realty Empreendimentos E Participacoes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															22.66	27.32	24.17	20.96	24.68

Competitive Comparison of Mitre Realty Empreendimentos E Participacoes's Days Payable

For the Real Estate - Development subindustry, Mitre Realty Empreendimentos E Participacoes's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mitre Realty Empreendimentos E Participacoes's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mitre Realty Empreendimentos E Participacoes's Days Payable distribution charts can be found below:

* The bar in red indicates where Mitre Realty Empreendimentos E Participacoes's Days Payable falls into.

Mitre Realty Empreendimentos E Participacoes Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Mitre Realty Empreendimentos E Participacoes's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (51.125	+	62.398)	/	2 )	/	742.275	*	365
=	56.7615					/	742.275	*	365
=	27.91

Mitre Realty Empreendimentos E Participacoes's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (58.894	+	62.398)	/	2 )	/	224.261	*	365 / 4
=	60.646					/	224.261	*	365 / 4
=	24.68

Mitre Realty Empreendimentos E Participacoes Days Payable Related Terms

Thank you for viewing the detailed overview of Mitre Realty Empreendimentos E Participacoes's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mitre Realty Empreendimentos E Participacoes SA (BSP:MTRE3) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Rua Boa Vista 176, 1.subsolo, Sao Paulo, SP, BRA, 1013001

Website

https://www.mitrerealty.com.br

Mitre Realty Empreendimentos E Participacoes SA is a real estate developer and builder. The company builds residential and commercial real estate properties. Its property portfolio includes Haus Miter Perdizes, Roots Freguesia do O, Haus Miter Alto Butanta, Haus Miter Pinheiros, Roots Vila Prudente, Haus Miter Brooklin, Guilhermina Esperanca Roots, Haus Miter Butanta, Haus Miter Vl. Mariana, MaxMiter, Les Champs, Vila Matilde Roots, and Livepark.

Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Headlines

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